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The Blackboard Monopolists

CHICAGO – US President Barack Obama, like many Western leaders nowadays, made improving education one of his main promises to voters during his election campaign. But other domestic issues – health-care reform, budget battles, and high unemployment – have understandably loomed larger. And the United States is not alone: education reform is being held up in the United Kingdom and continental Europe as well.

Improving education remains one of the clearest ways that governments can make a lasting positive economic impact. A well-functioning education system is the most effective way to help equip people with the knowledge and skills they need to boost incomes and compete in a globalized economy. The key to such a system is embracing the role that competition can play in delivering better education to students.